Consumer Price Index 2/6/2022

This indicator is derived from the Consumer Price Index, and measures the change in the prices of goods and services excluding foodstuffs and energy.
The Consumer Price Index measures the change in prices from the consumer's point of view
It is a primary way to measure changes in purchasing trends and inflation rates in Canada

Canada's annual inflation rate accelerated to 6.8% in April of 2022, the highest since January 1991 and slightly above market expectations of 6.7%, driven by food and shelter as Russia's invasion of Ukraine continued to pressure energy and commodity prices. Food prices rose 8.8% (7.7% in March) amid rising costs of inputs such as fertilizers. Meanwhile, shelter costs rose 7.4% (6.8% in March), driven by energy sources used to heat homes including fuel oil and other fuels (64.4% vs. 61%) and natural gas (22.2% vs. 18.7%). At the same time, inflation in the transportation sector stagnated (at 11.2%), while gasoline prices slowed (36.3% versus 39.8%), with global crude oil prices falling. Excluding gasoline, the CPI rose at a new record pace of 5.8%. monthly basis ,…

Estimate for today's data is 1%.
The index will be released at 3:30 pm Beirut time